Market_Manipulation

Market_Manipulation Updated 

Well look at that, SPX finished right at my resistance level. I have conflicting signals right now, so I'm going to wait and see before trading tomorrow. SPXU re-entered an old downward channel and SPX RSI (15 min) is oversold. Two really bullish days is a good signal from the bulls. However, there is a ton of bad news out there. If it is bullish in the...

Market_Manipulation

Still holding my longs from yesterday but it's not looking good. If it breaks down more, I'll sell my longs.

Market_Manipulation Updated 

I'm still looking to go long because this market is oversold. Looking for the right signal to side with the bulls. I'm waiting for SPX to re-enter the red channel.

Market_Manipulation Updated 

My target point was met, so I sold my puts. I've switched to longs. I think in the short-term this market will become bullish. Overall, I'm still bearish.

Market_Manipulation

SPXU has become parabolic in the short term. Also, the last time RSI got that high, there was a correction. I'm just saying....

Market_Manipulation Updated 

Never bought my longs. I was looking for more movement downward before buying. Maybe a three pump up then the selling will start? Once the third pump is complete or if prices fall below the support, I'll start buying.

Market_Manipulation

I'm showing several indicators that the market is very oversold. I'm looking for some more downside before buying in. Maybe it will come later today or tomorrow. Could this go lower? Yes, it could but I do think the bears are going to run out of steam here. This will give the bulls a chance to rally before the bears return and takeover again.

Market_Manipulation Updated 

Bounced off the resistance level and now has the bulls running. Resistance level 2618ish where I think the bulls will be tested. Let's see what happens. I really need to change brokers... Merrill Lynch won't let me trade because I just sold my puts. I was going to buy SPXL at 37. :'(

Market_Manipulation Updated 

I'm still holding my shorts from Wednesday. I hope no took my Thursday post as me going long. I was simply watching it in case the market became bullish at which point I would sell my puts. I am looking for a target exit around 2580. I have a long term support level (black line) and a short term support level coming together in that area. Also, at that...

Market_Manipulation Updated 

Look at the previous example of a bull flag. This one could turn into that as well.

Market_Manipulation

Two resistance level right here. Going to try and short here.

Market_Manipulation Updated 

I'm currently in cash. However, looking at previous examples of hammers, going long makes sense... but I want to see a strong open tomorrow to convince me that we are rebounding.

Market_Manipulation

My guess is with the bulls.

Market_Manipulation Updated 

Still shorting. As long as we stay under the black line, I'll continue to short. Looking at the pink lines as resistance, so I will take some shorts off the table at these points.

Market_Manipulation

If you find the big red arrow, I was waiting to see if SPXU would bounce or fall through the support. Once the bounce occurred, I bought. I've been struggling to sell at the most optimum point. So I've been looking for chart patterns to give me clues. At the end of the day, we had what looked like a double top. I picked $41.95 as my exit; however, my internet...

Market_Manipulation Updated 

Still holding my shorts. I tried to sell half of them at the most optimal time but my internet crapped out on me. Was hoping for a revisit but never happened. I'll try posting my SPXU charts. That's what I use to short the market. Looking for the market to re-enter the November channel (black parallel lines). Might be wishful thinking but a lot of my other...

Market_Manipulation Updated 

Gap is nearly filled. Looking for the momentum to take us to 2715 (+/- 5). I think then the bears will take over. 2700 and 2715 have been supportive and resistance levels. If bears do take over, I think we'll break the longtime support (blue line) and finally stay below it. This my guess, not trading advice.

Market_Manipulation Updated 

Hopefully you bought before yesterday's close and sold this morning... I said it was short term. If you didn't, no biggie. Coming up to a long term resistance level. I'm neutral and going to wait this one. But if I was a gambling man, I would bet we'll hit the resistance and drop.